TANNERS, FREIGHT LANE, CRANBROOK, TN17 3PF - £1,200,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

TANNERS is a very large extended detached house of 286m², built sometime before 1900, which could now be worth an estimated £1,404,361. It was last sold for £1,200,000 in August 2018, which was around 63% above the average August 2018 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was October 2017, where the current energy rating was F, and the potential energy rating was D.

TANNERS Sold Prices

Land registry data shows two sales for TANNERS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. Both of the two TANNERS sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 20 AUG	£1,200,000	£734,100	63% above HPI
1996 12 JAN	£170,000	£140,290	21% above HPI

TANNERS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tunbridge Wells local authority area over time, sourced from the HPI. The two TANNERS sales from January 1996 and August 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 1996 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the August 2018 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might TANNERS be worth now?

TANNERS might now be worth an estimated £1,404,361.

This is based on house price inflation of 17%, between August 2018 and February 2025, for detached houses, in the Tunbridge Wells local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17% inflationary increase is applied to the most recent sale price for TANNERS of £1,200,000 on 20th August 2018. For the value to have increased from £1,200,000 to £1,404,361 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of TANNERS has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The August 2018 sale price of £1,200,000 represented a fair market value for the property.
• The size, condition, and specification of TANNERS has not materially changed since August 2018.

How Large is TANNERS?

TANNERS is 286m², which includes two extensions, according to the EPC inspection conducted in October 2017. This puts it in the largest 10% of detached houses houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranbrook, and where TANNERS lies on this distribution: 98% of detached houses houses are smaller than TANNERS, and 2% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

TANNERS: Plot and Title Map

TANNERS sits on a plot of roughly 0.243 of an acre, or 983m². The below map shows the location of TANNERS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of TANNERS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is TANNERS?

TANNERS is located on FREIGHT LANE in CRANBROOK, in the TN17 postcode district. The below map shows the position of TANNERS on FREIGHT LANE.